Use the financial statements of Home Depot, Inc., in Appendix A of this text to answer the

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Use the financial statements of Home Depot, Inc., in Appendix A of this text to answer the following questions.
a. Study the income statements of Home Depot, Inc., for the three years ending on or about February 1, 2016, 2015, and 2014. Do these statements include any irregular items that might affect your use of the information to project future earnings?
b. Review the stockholders' equity section of the company's balance sheet at January 31, 2016. What type of capital stock is in the capital structure, and how many shares are authorized, issued and outstanding, and held in treasury on that date?
c. Locate the statement of stockholders' equity and comprehensive income. What treasury stock transactions has Home Depot engaged in during the three-year period presented? Has any additional stock (other than treasury stock) been issued during the period reported? If so, what were the circumstances in which that stock was issued? What was the amount of Other Comprehensive Income or Loss each year?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-1259692406

18th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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